Saudi Arabia Aquaculture Feed Market Outlook to 2029, with Profiles of NAQUA, ARASCO, Skretting, Adisseo and Bernaqua - ResearchAndMarkets.com
The "Saudi Arabia Aquaculture Feed Market Outlook to 2029" has been added to ResearchAndMarkets.com's offering.
The KSA aquaculture feed market, valued at USD 499 million, is witnessing robust growth driven by the rapid expansion of the seafood sector, particularly in high-value species such as the Red Sea White Leg shrimp and European sea bream.
The demand for feed is primarily fueled by increasing prices of nutrient-rich and premium formulations that support species-specific health and growth. This trend towards high-quality aquafeed aligns with national efforts to improve seafood self-sufficiency and reduce dependence on imports.
Geographical dominance within Saudi Arabia's aquaculture feed market is concentrated in major aquaculture zones along the Red Sea, with cities like Jazan, Umluj, and Al Lith experiencing increased aquaculture activities. These regions benefit from strategic proximity to production zones, export terminals, and processing hubs, facilitating feed distribution and aligning with Vision 2030's aquaculture goals.
Guided by Vision 2030 programs such as NTP and ADP, the Saudi aquaculture feed market aims for seafood self-sufficiency. The SAMAQ certification ensures quality compliance, while MEWA's Agricultural Development Fund supports capital costs for feed projects up to 75%. Additionally, the Agricultural Subsidy Program has allocated SAR 57 million to boost local feed manufacturing and food security, reducing reliance on imports.
KSA Aquaculture Feed Market Segmentation
By Feed Type: The market is segmented into Animal-Based, Plant-Based, and Specialized Feeds. Animal-Based feed holds a dominant share due to its superior protein absorption and efficiency, ideal for species like sea bass and shrimp. Plant-Based feeds are preferred in semi-intensive farms for cost-effectiveness, while Specialized Feeds address nutritional needs in stress-prone environments.
By Protein Composition: Segmented by protein content into high, medium, and low, high protein feed dominates, supporting growth in intensive systems and enhancing commercial farm operations aimed at export-grade yields.
KSA Aquaculture Feed Market Competitive Landscape
The market is led by domestic producers like NAQUA and ARASCO, utilizing integrated supply chains and robust infrastructure. International companies such as Skretting and Adisseo cater to the premium segment, while innovators like Calysta introduce alternative proteins. Firms like Cargill expand capacity through strategic local partnerships.
KSA Aquaculture Feed Market Analysis
Growth Drivers
Saudi aims to increase aquaculture output to 530,000 tons by 2030, influencing feed consumption positively. Government incentives, streamlined regulations, and investments are attracting new entrants and empowering existing players, enhancing feed demand across regions.
The adoption of feeds with superior Feed Conversion Ratios (FCRs) for species like shrimp and seabass is increasing, despite higher costs, due to their benefits in growth rates and disease reduction. Technological advancements, like IoT sensors and predictive software, also support feed efficiency by optimizing use and reducing costs.
Market Challenges
Dependence on imported feed inputs poses challenges due to potential price volatility. Environmental regulations require low-pollution feeds, and variable salinity levels necessitate adaptive formulations, increasing production costs.
KSA Aquaculture Feed Market Future Outlook
The market is projected to grow significantly over the next five years, driven by increased domestic production, government incentives, and smart aquaculture practices. Rising export opportunities to GCC and African countries are expected to enhance demand, strengthening Saudi Arabia's position in the aquafeed industry.
Market Opportunities
Saudi's goal to boost seafood exports drives demand for high-quality aquafeed. With European sea bream and barramundi gaining popularity, nutrient-rich formulations are sought after. Additionally, Vision 2030's infrastructure expansions, including hatcheries and feed mills, create opportunities for feed companies to scale and innovate, supported by initiatives like ADP and KAUST's R&D efforts.
Leading Companies in the Saudi Arabian Aquaculture Market include:
- NAQUA
- ARASCO
- Skretting
- Adisseo
- Bernaqua
Key Topics Covered:
1. Executive Summary
1.1 Market Overview of KSA Aquaculture Feed Market
1.2 Ecosystem of Players in the Market
2. KSA Aquaculture Market Overview
2.1 KSA Seafood Demand and Domestic Production Scenario
2.2 Demand Stability Evaluation of KSA Aquaculture Sector
2.3 Value Chain Analysis of Aqua Feed Market
2.4 Vision 2030 Impact on Aquaculture Feed Market
2.5 Existing Government Incentives, Policies & Subsidies in the Market
3. KSA Aquaculture Feed Market Sizing
3.1 Historical, Current Market Sizing and Future Projections (Volume), 201930F
3.2 Historical, Current Market Sizing and Future Projections (Value), 201930F
3.3 CAGR Component Split for the Market
4. KSA Aquaculture Feed Market Segmentations
4.1 By Species
4.2 By Protein Composition
4.3 By Feed Type
4.4 By Feed Form
4.5 By End User
4.6 By Distribution
5. Competition Scenario
5.1 Competitive Landscape Overview
5.2 Cross-Comparison of Major Players in KSA Aquaculture Feed Market
6. Consumer Behavior Analysis
6.1 Consumer Profile
6.2 Feed Preference
6.3 Needs and Pain Points
6.4 Procurement Behavior
For more information about this report visit https://www.researchandmarkets.com/r/rno4fr
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